Speciality Restaurants gains on aiming revenue of Rs 1,000 crore in next five years

Speciality Restaurants is currently trading at Rs. 213.50, up by 1.15 points or 0.54% from its previous closing of Rs. 212.35 on the BSE.

The scrip opened at Rs. 214.65 and has touched a high and low of Rs. 219.20 and Rs. 212.80 respectively. So far 1921 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 282.60 on 17-Jan-2023 and a 52 week low of Rs. 103.45 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 222.60 and Rs. 211.20 respectively. The current market cap of the company is Rs. 1000.67 crore.

The promoters holding in the company stood at 52.53%, while Institutions and Non-Institutions held 2.21% and 45.26% respectively.

Speciality Restaurants is aiming to clock revenue of Rs 1,000 crore in the next five years with technology intervention and brand refresh. The multi-brand restaurant chain's standalone net profit in the first half of (April-September) FY23 stood at Rs 27.67 crore from a turnover of Rs 195 crore, recovering from Covid pandemic headwinds.

The company also plans to ramp up delivery through cloud kitchens and 'kitchen within kitchen' set-up, as well as leverage its brand equity to migrate into FMCG ready-to-eat formats. Moreover, Speciality Restaurants will launch a QSR (Quick Service Restaurant) brand and plans to set up two-three outlets in each metro city and one or two in Tier II cities.

Speciality Restaurants is primarily engaged in the business of operating restaurant outlets / sweet shops.